On 3rd March 2015, Baroness Jones of Whitchurch asked Her Majesty’s Government what advice they have issued to individual academy schools regarding the £2.5 billion held in their reserves. The Bishop of Norwich, the Rt Revd Graham James, asked a supplementary question:
The Lord Bishop of Norwich: My Lords, some academies and other schools have secured private funding which they ring-fence to finance a chaplain, international links or some other good purpose. For the avoidance of doubt, will the Minister give an assurance that such funds are not to be treated as free reserves? Further, will he encourage academies to secure such funding?
Lord Nash (Parliamentary Under Secretary of State for Schools): I entirely agree with the right reverend Prelate and I pay tribute to his very good work in the school system in Norfolk. We should welcome such funds into the school system. We should welcome people who bring these funds and give their time freely. It is a development that we should seek to encourage.
(Via Parliament.uk)
The Church of England in Parliament 
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